State Studies · Telangana
Economy of Telangana
Overview
Telangana is a state in India having an average annual growth rate of 13.90% over 2014-2019. Telangana's nominal gross state domestic product for the year 2023-24 stands at ₹15.2 lakh crore. Service sector is the largest contributor to Telangana's economy with a share of about 65% in the year 2018-19. Growth in services has largely been fuelled by IT services with the State holding leading position in IT & ITeS in the country in terms of production and exports.
Source: Wikipedia — Economy of Telangana (CC BY-SA)
Key concepts
How Economy of Telangana connects to the ideas, people and events around it.
Telangana is a state in southern India on the Deccan Plateau bordering Maharashtra and Chhattisgarh to the north and Andhra Pradesh and Karnataka to the south. It is the eleventh largest and the twelfth most populated state of India.
India, officially the Republic of India, is a country in South Asia. It is the world's seventh-largest country by area and its most populous.
In economics, economic growth is an increase in the quantity and quality of the economic goods and services that a society produces. It can be measured as the increase in the inflation-adjusted output of an economy in a given year or over a period of time.
Gross domestic product (GDP) is a monetary measure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time by a country or countries.
During the 2022–23 fiscal year, the Indian state of Telangana recorded a 31.44% year-on-year growth rate in software exports, contributing to roughly 15% to 16% of India'stotal software exports.
The Hyderabad Metropolitan Region is the metropolitan area covered by the city of Hyderabad in the Indian state of Telangana. The region is spread over the districts of Hyderabad, Bhuvanagiri, Medchal-Malkajgiri, Ranga Reddy, Sangareddy, Medak, and Siddipet.
The Godavari is India's second longest river after the Ganges River, and drains the third largest basin in India, covering about 10% of the total geographical area. Its source is in Trimbakeshwar, Nashik, Maharashtra.
The Krishnā River in the Deccan Plateau is the third-longest in India, after the Ganga and Godavari. It is also the fourth-largest in terms of water inflows and river basin area in India, after the Ganga, Indus and Godavari.
Revise Economy of Telangana
Flashcards and a quick quiz, built from this map.
Questions about Economy of Telangana
What is Economy of Telangana?
Telangana is a state in India having an average annual growth rate of 13.90% over 2014-2019. Telangana's nominal gross state domestic product for the year 2023-24 stands at ₹15.2 lakh crore. Service sector is the largest contributor to Telangana's economy with a share of about 65% in the year 2018-19.
What are the key concepts related to Economy of Telangana?
The main concepts connected to Economy of Telangana include Telangana, India, Economic growth, Gross domestic product, Software industry in Telangana, Hyderabad Metropolitan Region, Godavari River, Krishna River. Each is linked on the map above with its own summary.
Which exams cover Economy of Telangana?
Economy of Telangana is part of State Studies, which appears in the syllabus of TGPSC.